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AAP
AAP
Business
Poppy Johnston

EXPLAINED: Consumers brush off rate rises again | Vintage Vibes

Data shows people are still spending strongly but analysts warn purse strings may be tightened soon (Luis Ascui/AAP PHOTOS) (AAP)

Consumers are still shopping despite aggressive interest rate hikes, with retail trade turnover lifting 0.6 per cent in August.

Despite cost of living pressures and 175 basis points of cash rate hikes driving up mortgage repayments, spending on nice-to-haves remains strong.

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